In this module, student gains in-depth understanding of accounting tools and deals with advanced level transactions & encounters complex accounting situations. The student gets enhanced job skills, confidence and knowledge in analyzing rigorous financial techniques with practical relevance. Becomes an expert user of financial statements & understands variations in accounting practice, and learn to control existing & new business accounts
Hand-on training in 9 month transaction files of the company consisting of more than 500 live transaction documents after expansion of business into construction line of business.
Entering partner exclusively for a new business line, inter business transactions within same unit, differential treatment of purchases and direct expenses for existing trading line and new business line.
Introduction to AS7 construction contract standards, recognition of contract revenue using percentage of completion method,
Carry forward of IPT, inter component accounting, cases of OPT exceeding IPT, payment of tax, adjustment of GST from various business lines , basics of Income tax, payment of advance tax at stipulated time frame and accounting of the same
Annual finalization of accounts, preparation of trading profit & loss account & balance sheet.